Cellular Machine To Machine (M2M) Market To Be Driven By Increasing Use Of Smart-Phones Till 2022: Grand View Research, Inc.

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According to report published by Grand View Research, global cellular machine to machine (M2M) market is expected to show rapid growth over the specified period of time owing to growing number of regulating mandates.

The global cellular machine to machine (M2M) market is expected to show rapid growth over the specified period of time owing to growing number of regulating mandates. It is used for connecting, monitoring, actuating devices and remote sensing. European Union (EU)’s mandate for inclusion of automotive safety systems such as eCall in all new vehicle models is expected to contribute to revenue growth of industry players.

It is also considered as integral part of “The Internet of Things”. Growth of cloud computing is expected to derive industry demand over the forecast period. Increaseing use of smart-phone is also anticipated to propel its growth. High broadband usage, fast connection between end to end device, low cost and low power consumption is expected to favor industry in the upcoming years.

Increase in its application in various verticals is anticipated to propel its demand over the forecasted period. Standardization of IPv6 and rapid technology shift towards 3G or 4Gis anticipated to drive industry growth over the forecast period. Vendors and service providers are expected to deploy innovative strategies and increase technology offerings to enhance customer value proposition. Telecom industry players are focusing on it and offering customized offerings for different industry verticals.

Increasing digital content and the need to manage it is expected to surge revenue growth over the forecast period. Alliances across analytics software, communication hardware and software specialists, and mobile operators are expected to favor industry. Ericsson and SAP are expected to collaborate with mobile operators to provide one stop cloud-based M2M solution.

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.